Annual Forecast for EURUSD (2022)

Updated:

EURUSD Annual Forecast – The Market Is Expected to Rebound to 1.1650

The annual forecast for EURUSD is towards the 1.1650 resistance zone. The year 2020 was bullish on the EURUSD market. The euro currency gained strength against the dollar. The contrary was the case in the year 2021. The previous year was bearish for EURUSD. The dollar regained strength as the euro fell in value against the dollar. In 2020, the year started with a three-month-old consolidation. The month of March was seen to create a false breakout of the zone. There was a false breakout higher and also below the zone. Afterward, the major volume of the monthly candles fell within the range as their wicks spiked below.


EURUSD Major Zones

Resistance zone: 1.2250, 1.1200
Support zone: 1.1650, 1.0900

Annual Forecast for EURUSD (2022)EURUSD Long Term Plan: Bullish

The first of May initiated a bullish move that successfully broke out of the zone in June. The bullish move was not resisted for four consecutive months in 2020. The market retraced into the 1.1650 demand zone. The bullish trend was maintained as the price bounced around the 1.1650 level. The bullish move finally got exhausted upon reaching the 1.2250 zone.

A reversal sign formed below the 1.2250 zone. The Moving Average crossed to the upper side of the monthly candles. A double top led to the bearish move. The neckline was broken in September. The price has dropped rapidly. The previous resistance zone at 1.1200 was tested. Two bullish candles have formed after the bounce on 1.1200. The Stochastic is showing an oversold market. The market is expected to rebound to 1.1650 on the monthly chart.

Annual Forecast for EURUSD (2022)EURUSD Medium Term Plan: Bullish

The Stochastic was oversold in November when the bullish candle tested the previous resistant zone at 1.1200. The previous resistance zone is currently acting as a support zone.
The moving average has switched positions to support the candles on the weekly time frame. The bullish move from the 1.1200 zone is expected to continue into the 1.1650 resistance zone.

You can purchase crypto coins here: Buy coins

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.